InMobi turns operationally profitable in 2016

Wednesday, April 5, 2017, 9:53 AM

Mobile advertising company InMobi, emerging from a turbulent period for the ad-tech industry, said it was operationally profitable in 2016 primarily because of a growth spurt in its Chinese operations as well as for its video ad platform. InMobi said in a statement that it expects to continue being profitable this year after recording a net profit for the final quarter of 2016.